Denison Ev To Sales from 2010 to 2024
| DNN Stock | USD 2.30 0.03 1.32% |
EV To Sales | First Reported 2010-12-31 | Previous Quarter 990.17593531 | Current Value 1 K | Quarterly Volatility 343.68269018 |
Check Denison Mines financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Denison Mines' main balance sheet or income statement drivers, such as Interest Expense of 49.4 K, Total Revenue of 1.8 M or Other Operating Expenses of 1.8 M, as well as many indicators such as Price To Sales Ratio of 1.1 K, Dividend Yield of 0.0 or PTB Ratio of 3.3. Denison financial statements analysis is a perfect complement when working with Denison Mines Valuation or Volatility modules.
Denison | Ev To Sales |
Latest Denison Mines' Ev To Sales Growth Pattern
Below is the plot of the Ev To Sales of Denison Mines Corp over the last few years. It is the Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue. Denison Mines' EV To Sales historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Denison Mines' overall financial position and show how it may be relating to other accounts over time.
| Ev To Sales | 10 Years Trend |
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Ev To Sales |
| Timeline |
Denison Ev To Sales Regression Statistics
| Arithmetic Mean | 171.68 | |
| Geometric Mean | 50.95 | |
| Coefficient Of Variation | 200.19 | |
| Mean Deviation | 224.87 | |
| Median | 39.41 | |
| Standard Deviation | 343.68 | |
| Sample Variance | 118,118 | |
| Range | 1K | |
| R-Value | 0.58 | |
| Mean Square Error | 84,098 | |
| R-Squared | 0.34 | |
| Significance | 0.02 | |
| Slope | 44.74 | |
| Total Sum of Squares | 1.7M |
Denison Ev To Sales History
About Denison Mines Financial Statements
Denison Mines investors utilize fundamental indicators, such as Ev To Sales, to predict how Denison Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| EV To Sales | 990.18 | 1,040 |
Pair Trading with Denison Mines
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Denison Mines position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Denison Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Denison Stock
Moving against Denison Stock
| 0.76 | EC | Ecopetrol SA ADR | PairCorr |
| 0.68 | DINO | HF Sinclair Corp | PairCorr |
| 0.65 | BP | BP PLC ADR | PairCorr |
| 0.57 | DK | Delek Energy | PairCorr |
| 0.51 | SD | SandRidge Energy | PairCorr |
The ability to find closely correlated positions to Denison Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denison Mines when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Denison Mines - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Denison Mines Corp to buy it.
The correlation of Denison Mines is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Denison Mines can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Denison Mines Correlation against competitors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Denison Mines. If investors know Denison will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Denison Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share 0.004 | Quarterly Revenue Growth (0.11) | Return On Assets (0.06) | Return On Equity (0.05) |
The market value of Denison Mines Corp is measured differently than its book value, which is the value of Denison that is recorded on the company's balance sheet. Investors also form their own opinion of Denison Mines' value that differs from its market value or its book value, called intrinsic value, which is Denison Mines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Denison Mines' market value can be influenced by many factors that don't directly affect Denison Mines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.